Seagate last Monday suspended its quarterly common dividend of three cents a share (which had been sliced from 12 cents in January) despite upbeat revenue projections. Reason: weakened personal-computer sales. The move, which Seagate said was to "further enhance liquidity," will save the company $60 million annually. Seagate also said that it plans more restructuring. The stock shed over 8% of its value on the dividend news and a forecast of gross margins below analysts' estimates. Seagate recently traded around 6.70. Its 52-week range: 22.78.-2.98. The company raised its revenue guidance for its third fiscal quarter (ended March 31) to $2.1 billion, from an earlier $1.6 billion to $2 billion. It expects fiscal fourth-quarter revenue of $1.9 billion to $2.2 billion. Cash, cash equivalents and short-term investments at March 31 totaled some $1.5 billion, compared with $1.3 billion the previous quarter.

Seagate is growing

And in addition, Najarian has his eye on Seagate (STX). He suggests options activity could signal deal making chatter. And he says, if the firm is an M&A target the “takeout price should be north of $13 double of where the stock is trading right now.”

From a recent Mad Money show:"Seagate has never been a friend of mine. I like Taiwan Semiconductor (TSM) and Xilinx (XLNX) and that's it."

From a recent Mad Money show:"Seagate has never been a friend of mine. I like Taiwan Semiconductor (TSM) and Xilinx (XLNX) and that's it. "

speculative growth potential

vested

Seagate Technology (STX) was downgraded from overweight to equal-weight at Morgan Stanley. Inventory was up 10% during the past month.

Steady Business with good dividends

Cramer: VMWare Not Hurting EMC: Jim Cramer likes the quarter's numbers for EMC and isn't worried about VMWare.


Click here to watch the video.

SOLD TO BUY CSCO.

Another one from my broker. I wasn't sold on it but I let him buy it anyway.

hard drive for ipods-trade

stock dropped the day i bought it and never got closer.